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Understanding the impact of the COVID-19 pandemic on death, funeral and income disability claims

20 April 2021

Towards the end of 2020, there was reason to believe that the worst of the pandemic experienced during the height of the first wave was behind us, with the roll out of vaccines around the world on the horizon.

Simple habits to help drive your children’s behaviour with money

13 April 2021

Supporting your children with their physical, emotional, social, financial and intellectual development from a young age is critical before they mature into adulthood.

Debunking Life Insurance Myths

12 April 2021

Getting life insurance usually is straightforward. You are advised to do as much research as possible and gather quotes from different insurance companies to learn what is most suitable for you and your lifestyle.

A sobering death claim experience

08 April 2021

The impact of COVID-19 on South Africa’s life insurance industry is becoming clearer as individual life insurers update shareholders on their death claim experiences during pandemic. Statistics from the Association for Savings and Investment South Africa (ASISA) reflected a 36.7% surge in death claims across the sector last year, with members of the association reporting 434216 death claims last year compared to 317442 in 2019. The surge in number of death claims has put many financial services providers (FSPs) under pressure.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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